Malaysian business licence·Federal
BNM Insurance Licence (FSA 2013)
Issued by Bank Negara Malaysia (BNM)Financial Services Act 2013
Overview
Licence to underwrite life, general or reinsurance business in Malaysia. Minimum paid-up RM 100M for direct insurers, RM 50M for reinsurers; BNM prudential and conduct requirements apply.
Key details
Governing Act
Financial Services Act 2013
Agency fees
Varies by agency — see official source
Validity
Annual renewal typical
Issuing authority
Bank Negara Malaysia (BNM)
Fees shown are government / local-authority fees payable to the issuing agency. Emerhub charges a separate service fee for handling the application end-to-end.
Which businesses need it
Mandatory
- 65111Life insuranceItem · Issued by BNM under FSA 2013 for life, general and reinsurance. Minimum paid-up RM 100M for direct, RM 50M for re-insurance.
- 65121General insuranceItem · Issued by BNM under FSA 2013 for life, general and reinsurance. Minimum paid-up RM 100M for direct, RM 50M for re-insurance.
- 65123Composite insuranceItem · Issued by BNM under FSA 2013 for life, general and reinsurance. Minimum paid-up RM 100M for direct, RM 50M for re-insurance.
- 65124Offshore insuranceItem · Issued by BNM under FSA 2013 for life, general and reinsurance. Minimum paid-up RM 100M for direct, RM 50M for re-insurance.